BITHEMOTH: Reinventing the cryptocurrency exchange

Cryptocurrency exchanges are an integral component of the cryptocurrency ecosystem. In this decentralized space, these centralized institutions have emerged to bring together buyers and sellers of cryptocurrencies from all over the world and are greatly considered the entry point to the cryptocurrency world. Today, we have a large number of exchanges that fall into two categories: centralized exchanges and decentralized exchanges. Decentralized exchanges otherwise known as dex lag behind in development, adoption and liquidity but they offer more security to crypto assets. Centralized exchanges on the other hand, offer more liquidity, better user interfaces and even play a significant role in the development of the ecosystem through setting up funds specifically for blockchain research. The revenue turnover for cryptocurrency exchanges is quite high, with Coinbase earning as much as a fifth of the total turnover of Goldman Sachs a financial institution that has been around for over a long while. The flip side of centralized exchanges is their vulnerability to hacking.

It is a fact that crypto exchanges are a work in progress which is perhaps why we do not have any single exchange that has been able to stay on top of the game for the longest time. New ones correct deficiencies and innovate to rise above forerunners. Before Binance, there was Bittrex, and Poloniex, and before Poloniex, there was Mt.Gox. Exchanges need to adapt and evolve to give customers the best user experience and play their institutional role to lend credence to the whole cryptocurrency space as a whole. Bithemoth is a new cryptocurrency exchange that seek to fix the shortcomings in the current exchange space by providing an all-inclusive exchange solution.

BITHEMOTH

Bithemoth is launching an ICO to fund the creation of their crypto and fiat crypto exchange. Some of the issues that Bithemoth is seeking to solve are:
✅Poor UI
✅Exchange misconduct such as poor customer service,
✅Poor security-Bithemoth will use solutions such as cold storage, 2FA, DDOS protection
✅And playing their role in the financial jurisdiction through regulation compliance

In-built portfolio manager

In addition, Bithemoth is offering innovative solutions of portfolio management and slick user interfaces to onramp new crypto traders to the cryptocurrency space as seamlessly as possible. Some of the features of the in-built portfolio manager include average buy cost, daily percentage change, overall percentage change and cumulative portfolio performance.

Smart contracts

Unlike a traditional exchange where trade matching, clearing and record keeping is done in a centralized manner, Bithemoth will implement smart contracts to automate these tasks.

Why you should invest in Bithemoth

One of the outstanding qualities of the bear market this year has been the resilience of exchange coins such as HT and BNB, offering an alternative to stable coins such as tether, with the advantage of upside in market swings but reduced downside risk. This is because exchanges have a clear-cut business model and they are not speculative. Bithemoth offers investors the opportunity to purchase 90, 000, 000 BHM tokens in their ICO. Total token supply is 200, 000, 000.

Functions of the BHM tokens

Trading fees
There will be discount incentives for using BHM over other tokens on the platform.
Commodity marketplace

Future moves

✅Bithemoth will launch as a centralized exchange and move towards a decentralized operation model in the future. Other exchanges such as Huobi and Binance have already set in place moves to migrate their operations to a decentralized model.
✅Bithemoth will also launch a dedicated crypto marketplace to enable users to purchase real goods using commodities. This is revolutionary because users can be able to earn crypto through a new way and also they are absconded from tax duties that come into effect when crypto is converted into fiat.
✅Development of customized hardware wallets for exchange users are also in the plan. The development of a spending card that will allow users to spend their crypto more easily is also in the works. These will work like a normal debit card and integrated into the exchange functionality.
✅The inclusion of institutional financial packages will also attract institutions to trade from a regulatory compliant platform.
✅An ICO incubator to invest in the most promising blockchain projects
✅Development of physical locations that will be sub-branches of the Bithemoth platform. This can act like the physical location of traditional stock markets.
✅20% of Bithemoth profit will be used for BHM buyback to reduce supply. This will be used for among other functions, market making.

TEAM

Bizhemoth team of more than ten members is headed by the CEO and founder Adam Barek.

For more information about Bithemoth, follow the following important links
Whitepaper: https://bithemoth.com/bithemothwhitepaper-revision-3.0.pdf
Website: https://bithemoth.com/
Official twitter: https://twitter.com/bithemoth
Official telegram: https://t.me/bithemoth

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